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Trade Plan for Wednesday: Nifty Bank Nifty Intraday Gann Levels

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Nifty and Bank Nifty recovered from the day’s low and closed higher today.

Nifty held the support zone 17380-360 on a closing basis and closed above the 17480 resistance. Now to continue this bullish momentum, bulls need to hold the 17430-20 zone. On the upside, 17670 is the resistance level.

Bank Nifty also held the 36800 support level on a closing basis. But it didn’t close above the 37300-37500 resistance zone. Until Bank Index holds 36800 (on a closing basis), it is positive and can again move back above 38000 levels.

Nifty Intraday Levels

Nifty bulls need to break & sustain above 17580 to move towards 17620/17670/17740 levels.

On the lower side, the Gann support level is 17520; below that Index can move towards 17480/17420/17360.

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 37350 to move towards 37500/37700/37850.

On the lower side, the Gann support level is 36990; below that Bank Nifty Index can move towards 36850/36650/36400 levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.